Tilray, Inc. (TLRY), now Tilray Brands, Inc., announced good news during its Q2 fiscal 2022 earnings call.
CEO Irwin Simon applauded Tilray’s ability to maintain status with the #1 cannabis market share in Canada. In addition, he said, “Our second quarter performance reflects notable success building high-quality and highly sought-after cannabis and lifestyle CPG brands.”
Q2 Fiscal 2022 Highlights
- Net income increased to $6M from a net loss of $89M in the previous quarter.
- 8% growth over the previous quarter and eleventh consecutive quarter of positive adjusted EBITDA
- #1 market-leading position in Germany and Canada